Latest News, Updates: eBay Inc, Google Inc, India Globalization Capital, Yahoo! Inc


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NASDAQ:EBAY / NASDAQ:GOOG / AMEX:IGC / NASDAQ:YHOO
05/22/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / May 22, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for eBay Inc, Google Inc, India Globalization Capital, Yahoo! Inc

eBay Inc(NASDAQ:EBAY) asks users to change their passwords due to a cyberattack. The company says that at this point it has no evidence of any unauthorized access to financial or credit card information from the attack which occurred in February and March.

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The Information reports Google Inc(NASDAQ:GOOG), in a fresh attempt to boost usage of the its services, plans to offer small/mid-sized retail businesses "heavily subsidized" Wi-Fi hardware/software; the businesses would have to pay for the actual Web access. Automatic login would be provided via the HotSpot 2.0 standard.No word on whether Google plans to use home-grown hardware, or a third party's. Aruba (ARUN +0.8%) is supplying access points for Google's Starbucks Wi-Fi deal (involves Web access, rather than subsidized hardware). Ubiquiti (UBNT -1.3%) is targeting the SMB Wi-Fi market with aggressively-priced products.Newly-acquired Nest Labs is recalling 440K Nest Protect smoke alarms/carbon monoxide detectors due to a glitch that can lead users to accidentally turn them off with a hand gesture. Nest halted sales of Protect due to the issue in April, and began work on a software update.In addition to declaring it needs $20B-$30B in foreign cash for M&A (possibly to appease regulators who want the funds repatriated/taxed), Google's December letter to the SEC (just published) raised eyebrows by stating the company might one day serve ads on "refrigerators, car dashboards, thermostats, glasses, and watches, to name just a few possibilities."

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India Globalization Capital, Inc. (NYSEMKT:IGC)’s stock climbed 60% to $2 in Wednesday’s session on record volume and gains another 13% in pre-open session. Yesterday was the record day for the stock in terms of volume as more than 21 million shares traded hands. The stock gained after Indian president Pranab Mukherjee appointed Narendra Modi as the new Prime Minister of the nation.

Modi will succeed Manmohan Singh, whose Congress party suffered its worst defeat in history in India's recent general elections. Mukherjee will administer the oath of office and secrecy to Modi on May 26.

India Globalization Capital is a materials and infrastructures company that supplies and trades iron ore and leases construction equipment. It also constructs roads and highways and supplies rock aggregate.

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Yahoo! Inc.(NASDAQ:YHOO) is in early discussions to acquire startup RayV Inc., as per reports from Bloomberg, as the Web portal seeks to expand its array of Internet-video services.

Yahoo’s discussions with RayV, which specializes in delivering high-quality Web video-streaming features, could still fall apart, said the person, who asked not to be identified because the matter is private.

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Chief Executive Officer Marissa Mayer has been building up Yahoo’s video offerings to woo audiences and advertisers and help drive a turnaround at the company she took over in 2012. Mayer hired journalist Katie Couric as global anchor, and last month Yahoo announced two new comedy shows and a partnership with Live Nation (LYV) to stream a live concert every day for a year.

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SOURCE: Market Buzz Report  

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